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3.3 - The Golden Rule: GoldenRule.xls

from 3 - The Solow Model

Published online by Cambridge University Press:  05 May 2016

Humberto Barreto
Humberto Barreto
Affiliation:
DePauw University, Indiana
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Teaching Macroeconomics with Microsoft Excel® , pp. 72 - 80
Publisher: Cambridge University Press
Print publication year: 2016

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References

The epigraph is from Phelps's autobiographical chapter “A Life in Economics,” in The Makers of Modern Economics, vol. 2, ed. Heertje, A. (Edward Elgar, 1995), 92.
Blaug, M. 1997. Economic Theory in Retrospect, 5th ed. Cambridge University Press.
IGM Forum. 2013. Homepage. http://www.igmchicago.org. The poll on the saving rate is available at tiny.cc/igmsavingrate. The statements presented to the panel are wide ranging (e.g., minimum wage, bailouts, budget), and it would be a fun learning experience to poll a class and compare results with the experts.
Novales, A., Fernández, E., and Ruíz., J. 2009. Economic Growth: Theory and Numerical Solution Methods. Springer.
Phelps, E. 1961. “The Golden Rule of Accumulation: A Fable for Growthmen.” American Economic Review 51, no. 4: 638–43. http://www.jstor.org/stable/1884513.Google Scholar
Phelps, E. 1965. “Second Essay on the Golden Rule of Accumulation.” American Economic Review 55, no. 4: 793–814. http://www.jstor.org/stable/1823937.Google Scholar

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